Competitive Enterprise Institute – Pensions and Environmental, Social, and Governance (ESG) Investing
The U.S. Department of Labor has proposed a new rule that encourages pension fund managers to consider environmental, social, and governance (ESG) factors in their investments. The Department argues this would give managers greater discretion in choosing fund investments. Critics contend that this creates serious risks of politicizing investments and creating conflicts of interest between ideological managers and plan beneficiaries.
Please join CEI for an online discussion on this proposal and its implications, with introductory remarks by former Secretary of Labor Eugene Scalia. Public comment on the proposed rule, “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights,” closes on December 13.
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